What is Abandonment rates ?
The ‘Abandonment Rate’ is the rate of candidates who abandon a job application for any reason.
It is calculated by tracking the number of candidates who have applied for a position and dividing the same with the number of candidates who successfully submitted the job application and then multiplying it with 100 to get the final percentage value.
It is an important metric used to understand how much interest does the candidate have in the position being offered as well as understanding how user-friendly the application form itself is. This insight will help in crafting in improving the overall employee experience and lowering the abandonment rate in future